Macroeconomics does not, in fact, have zero predictive capacity. Blowing up a central bank to print more money when inflation is already a problem is a well-understood economic phenomenon with relatively predictable results.
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I have this idea (not fleshed out enough nor evidence based enough to be a theory) that part of the slide into fascism is a long term sclerosis in policy that makes it appear simply aesthetic, which spreads as a meme to the society as a whole. Basically alienation leading to aestheticization.
aug 26, 2025, 3:37 pm • 0 0 • view
This in turn gives the afflicted the idea that action is pointless because deep change is inconceivable, and renders all politics aesthetic and value neutral. I think of it as a potential mechanism by which all meaning is stripped out of society.
aug 26, 2025, 3:40 pm • 1 0 • view
This does not, however, render them immune to the effects, obviously, but simply blunts reactive capacity. A sort of social and cultural stiffness, if you will.
aug 26, 2025, 3:42 pm • 0 0 • view
I feel bad because they’re very polite but the “I’ll be happy to be wrong” is bleakly funny to me. No. No they will not be happy.
aug 26, 2025, 1:01 am • 5 0 • view
I would say poster is suffering from some of the same delusion as central tenet of post-literate culture, which is the belief that the outcomes of complex systems are purely or largely volitional
aug 26, 2025, 1:22 am • 4 0 • view
People confuse forecasts being out by 0.5% with “macroeconomics is useless”
aug 26, 2025, 9:11 am • 2 0 • view
I mean, elites riding this whole thing out cause they have money and like the policies of the guy in charge has historically worked great for them without exception, historically speaking
aug 26, 2025, 12:58 am • 1 0 • view
Sure. I'll happily be wrong, but I'll put my stake here that this leads to nothing
aug 26, 2025, 12:55 am • 0 0 • view
If and when Trump manages to start forcing the Federal Reserve to print tons of money in an ignorant attempt to juice the economy, things will start getting very bad very fast.
aug 26, 2025, 12:56 am • 8 0 • view